Adapt: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Adapt
Largest movements
- Receivables within one year +€27,018
up €27,018 (+129%), from €20,959 to €47,977
of which Other amounts receivable: +€33,221
- Cash -€20,143
down €20,143 (-84.4%), from €23,873 to €3,730
mainly Receivables within one year (-€27,018) and Current portion of long-term debt (-€9,215)
- Intangible fixed assets -€6,000
down €6,000 (-14.9%), from €40,329 to €34,329
- Reserves +€11,800
up €11,800 (+21.7%), from €54,500 to €66,300
- Current portion of long-term debt -€9,215
down €9,215 (-83.1%), from €11,094 to €1,879
- Trade debts +€7,421
up €7,421 (+151%), from €4,907 to €12,328
- Tax, wage and social debts -€6,533
down €6,533 (-57.6%), from €11,333 to €4,800
- Debts after one year -€1,879
no longer reported in 2025 (was €1,879)
- Gross operating margin -€22,655
down €22,655 (-51.5%), from €44,024 to €21,369
- Taxes -€3,453
down €3,453 (-44.3%), from €7,800 to €4,347
- Financial income +€2,027
up €2,027 (+87.7%), from €2,311 to €4,338
- Financial charges -€1,870
down €1,870 (-62.6%), from €2,984 to €1,115
- Depreciation -€1,276
down €1,276 (-15.0%), from €8,481 to €7,206
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,471 | €88,097 | +€1,626 | +1.9% |
| Fixed assets | 21/28 | €41,537 | €36,307 | -€5,230 | -12.6% |
| Intangible fixed assets | 21 | €40,329 | €34,329 | -€6,000 | -14.9% |
| Tangible fixed assets | 22/27 | €1,208 | €1,978 | +€770 | +63.8% |
| Land and buildings | 22 | - | €1,879 | +€1,879 | |
| Furniture and vehicles | 24 | €1,208 | €99 | -€1,109 | -91.8% |
| Current assets | 29/58 | €44,934 | €51,790 | +€6,856 | +15.3% |
| Amounts receivable within one year | 40/41 | €20,959 | €47,977 | +€27,018 | +129% |
| Trade receivables | 40 | €7,835 | €1,632 | -€6,203 | -79.2% |
| Other amounts receivable | 41 | €13,124 | €46,345 | +€33,221 | +253% |
| Cash at bank and in hand | 54/58 | €23,873 | €3,730 | -€20,143 | -84.4% |
| Deferred charges and accrued income | 490/1 | €102 | €83 | -€19 | -18.7% |
| Total equity and liabilities | 10/49 | €86,471 | €88,097 | +€1,626 | +1.9% |
| Equity | 10/15 | €57,258 | €69,090 | +€11,832 | +20.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €54,500 | €66,300 | +€11,800 | +21.7% |
| Distributable reserves | 133 | €54,500 | €66,300 | +€11,800 | +21.7% |
| Profit (loss) carried forward | 14 | €258 | €290 | +€32 | +12.4% |
| Amounts payable | 17/49 | €29,213 | €19,007 | -€10,206 | -34.9% |
| Amounts payable after more than one year | 17 | €1,879 | - | -€1,879 | |
| Financial debts | 170/4 | €1,879 | - | -€1,879 | |
| Amounts payable within one year | 42/48 | €27,334 | €19,007 | -€8,327 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €11,094 | €1,879 | -€9,215 | -83.1% |
| Trade debts | 44 | €4,907 | €12,328 | +€7,421 | +151% |
| Suppliers | 440/4 | €4,907 | €12,328 | +€7,421 | +151% |
| Taxes, remuneration and social security | 45 | €11,333 | €4,800 | -€6,533 | -57.6% |
| Taxes | 450/3 | €11,333 | €4,800 | -€6,533 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,481 | €7,206 | -€1,276 | -15.0% |
| Other operating charges | 640/8 | €741 | €1,208 | +€467 | +63.1% |
| Gross operating margin | 9900 | €44,024 | €21,369 | -€22,655 | -51.5% |
| Operating profit (loss) | 9901 | €34,802 | €12,956 | -€21,846 | -62.8% |
| Financial income | 75/76B | €2,311 | €4,338 | +€2,027 | +87.7% |
| Recurring financial income | 75 | €2,311 | €4,338 | +€2,027 | +87.7% |
| Financial charges | 65/66B | €2,984 | €1,115 | -€1,870 | -62.6% |
| Recurring financial charges | 65 | €2,984 | €1,115 | -€1,870 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €34,128 | €16,179 | -€17,949 | -52.6% |
| Income taxes | 67/77 | €7,800 | €4,347 | -€3,453 | -44.3% |
| Profit (loss) for the period | 9904 | €26,328 | €11,832 | -€14,496 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,328 | €11,832 | -€14,496 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.